Asia
Baring pushes back final close on Fund VI to January
Baring Private Equity Asia has pushed its $3.85 billion final close on Fund VI to January because the last few LPs want their commitments to fall in the 2015 calendar year.
SC Capital raises $850m for fourth Asia real estate fund
SC Capital Management has reached a final close of $850 million on its fourth Asia-focused property fund. The corpus represents a substantial increase on Fund III, which raised $530 million in 2011.
AVCJ Awards: Fundraising of the Year - Large Cap: CVC Capital Partners
Buoyed by strong returns out of Southeast Asia and pipeline of China control deals, CVC Capital Partners defied early expectations by closing Fund IV at the hard cap
GP-LP relations: Trust issues
“GPs think LPs are liars" - it is a sensational designed to draw attention to an issue that is nearly as old as institutional fund management itself. Numerous past surveys and mountains of anecdotal evidence suggest that communication problems and mutual...
Emerald Hill North Asia head to set up China fund-of-funds
Tommy Yip, partner and head of North Asia at Emerald Hill Capital Partners, has resigned from his position. He is expected to form a new China-focused fund-of-funds.
Partners Group appoints Cyrus Driver head of Asian private equity
Cyrus Driver has been named head of Asian private equity at Partners Group, replacing Andreas Baumann who has relocated to the US to head up the company’s business in the Americas.
Simpson Thacher adds fund formation partner in Asia
Adam Furber, a Hong Kong-based member of Simpson Thacher’s private funds practice, has been elected to partner. He was previously counsel at the firm.
Private debt: Enforcement issues
Investors see great potential in Asia’s private debt markets, but some GPs and LPs’ attitudes towards downside protection and enforceability keep them out of emerging markets
Asia fundraising: How much is too much?
Ever increasing fund sizes have become a fact of life for some private equity firms in Asia. LPs must distinguish between GPs raising more capital for a valid purpose and GPs doing so simply because they can
LACERS commits to Baring Asia's sixth fund
Los Angeles City Employees’ Retirement System (LACERS) has committed up to $25 million to Baring Private Equity Asia’s sixth pan-regional fund.
Auda hires FLAG Squadron's Eunseok So
Auda International has appointed Eunseok So, formerly of FLAG Squadron Asia, as a senior vice president in its Hong Kong office.
Being global is about being good, not big - AVCJ Forum
The priority when building a global company is creating quality, not necessarily expanding outside your local market, industry participants told the AVCJ Forum.
OTPP hires Mount Kellett executive for Asia relationship investing
Ontario Teachers’ Pension Plan (OTPP) has appointed Dan Kiang as Hong Kong-based director of relationship investing, including the group’s recent commitment to Sinopec Marketing as part of a PE consortium.
Affinity named firm of the year at AVCJ Awards
Affinity Equity Partners was named firm of the year at the 2014 AVCJ Private Equity and Venture Capital Awards on the back of a strong fundraise, investments in three different markets, and the largest trade sale exit ever seen in the region.
Auda hires ex-Paul Capital Asia head Lucian Wu
Lucian Wu, previously co-head of Asia at Paul Capital Partners, has joined Auda as a managing director.
Pantheon gets emerging markets mandate from Finland's VER
Pantheon has won a EUR100 million ($124 million) mandate from Valtion Eläkerahasto (VER), the Finnish state pension fund, for investments across Asia and emerging markets.
Private equity firm names: A brand apart
As private equity becomes more of a mainstream asset class, brand-consciousness kicks in. Finding a suitable name can be a challenge, particularly when operating in multiple markets and languages
Q&A: HEC's Oliver Gottschalg
Oliver Gottschalg, professor at HEC School of Management and head of research at PERACS, a quantitative analytics provider to the PE industry, explains why IRR is not the best judge of performance
Asia PE performance: Special measures
Asian private equity has, by some accounts, failed to meet LP expectations in terms of risk-adjusted returns. With GPs under pressure to show they can be company builders, is specialization the inevitable end game?
Onwards and upwards: Asia's PE growth trajectory
One of the hottest topics of last year's AVCJ Forum was whether the Asian private equity and venture capital industry can remain on its growth trajectory. The region’s assets under management have expanded 12-fold in the last 20 years. While there is...
Evercore adds to Asia private funds group
Boutique investment bank Evercore has hired Ian Bell from Credit Suisse to head up distribution and origination for its private funds group in Asia Pacific.
Baring Asia reaches $3.2b first close on Fund VI
Baring Private Equity Asia has reached a $3.2 billion first close on its sixth pan-regional fund, exceeding its original target of $3 billion for the entire vehicle.
Avenue Capital bolsters Asia team ahead of planned fundraise
Avenue Capital Group has hired two executives from PAG – Anil Gorthy and Dan Galanter – to lead its Asia business, with a new regional fund planned for the coming year.
Family ties: Asian family offices as LPs
As wealth in Asia has grown, so has the number of family offices. As these investors become more institutionalized, what can they do for private equity and what can private equity do for them?